An indirect tax is a form of taxation where the tax is collected by an intermediary, such as a manufacturer or retailer, and then passed onto the consumer through the price of a good or service.
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SmartAsset on MSNWhat Is an Indirect Tax and How Does It Impact Your Money?Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...
You don’t just pay tax on your earnings and wealth – you’ll also pay indirect tax as part of your everyday, regular spending – but you might not realise it. These types of tax won’t come ...
Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government.
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